220
220
Dec 31, 2012
12/12
by
CNBC
tv
eye 220
favorite 0
quote 0
. >> he'll be back on wednesday, in time to trade the fiscal cliff. all right. the deadline, of course, just hours away. if lawmakers wind up kicking the can down the road, they may want to come up with a way of saying so. that son the annual list of words to be ban issued. spoiler alert, trending and bucket list, not surprisingly the phrase that got the most nominations this year, fiscal cliff. so that brings us to this morning's squawk on the tweet. what other phrases should be banned and why. and remember, try and keep it clean. tweet us at squawk street. we've got your responses throughout the morning. fiscal cliff definitely has to go. >> i can't wait for hash tag to go away. >> we'll start hearing about the debt ceiling in two months. >> a ban on 2013's list. >> have a great new year. >> you as well. i have no special plans. i have a 3-month-old daughter -- >> that's very special. >> i'm prohibited from going anywhere. we have dinner reservations about 4:30 p.m., though. >> early birds. >> happy new year. >> same to you. >> presidents of americans for tax
. >> he'll be back on wednesday, in time to trade the fiscal cliff. all right. the deadline, of course, just hours away. if lawmakers wind up kicking the can down the road, they may want to come up with a way of saying so. that son the annual list of words to be ban issued. spoiler alert, trending and bucket list, not surprisingly the phrase that got the most nominations this year, fiscal cliff. so that brings us to this morning's squawk on the tweet. what other phrases should be banned...
56
56
Dec 25, 2012
12/12
by
CNNW
tv
eye 56
favorite 0
quote 0
washington has just less than a week to reach a deal on the fiscal cliff, and right now, president obama and house speaker boehner are still far apart on an agreement. they'll be back to work on thursday to try to prevent this looming financial disaster. >>> he played the grouchy oscar on the odd couple, and tonight, hollywood is remembering jack klugman, the versatile character actor died at his california home today. from 12 angry men, he had decades of memorable roles on film and tv. jack klugman was 90 years old. >>> well, it could be a christmas of extreme weather for much of the u.s. a major storm is developing and gaining strength in the south. and it could lead to tornado outbreak. there are also warnings of hail, high winds, and heavy rain across the region. stay with cnn for the very latest on the threat of this dangerous weather. and on a much more cheerful note, here comes santa and his reindeer. norad is watching the jolly fellow, as is the tradition since 1955, tracking st. nick as he delivers all of those presents to kids around the world. i'm isha sesay in atlanta with a
washington has just less than a week to reach a deal on the fiscal cliff, and right now, president obama and house speaker boehner are still far apart on an agreement. they'll be back to work on thursday to try to prevent this looming financial disaster. >>> he played the grouchy oscar on the odd couple, and tonight, hollywood is remembering jack klugman, the versatile character actor died at his california home today. from 12 angry men, he had decades of memorable roles on film and...
274
274
Jan 1, 2013
01/13
by
CNNW
tv
eye 274
favorite 0
quote 0
cnn's coverage of the fiscal cliff continues right after this.
cnn's coverage of the fiscal cliff continues right after this.
298
298
Dec 31, 2012
12/12
by
CNNW
tv
eye 298
favorite 0
quote 0
unitedhealthcare. >>> all right. down to the wire. still no deal on the fiscal cliff. are the democrats and republicans too far apart at this point to reach a deal before midnight? i hope not. >> is the cliff armageddon for the defense department. what these defense cuts would mean for national security. >>> a health scare for hillary clinton. what doctors say happened and an update on her condition. >> i'm ali velshi. >> and i'm christine romans. >> and i'm dr. sanjay gupta. john and zoraida are both off. >>> millions of americans will countdown to a fiscal cliff. a development that could send the nation back to recession. yesterday, the two parties turned to their respective closers, vice president joe biden and senate minority leader mitch mcconnell to get a back door deal done. the republican is not giving up. >> i'm interested in getting a result here. willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> all right according to the president, there has always been and still is one big sticking point. raising
unitedhealthcare. >>> all right. down to the wire. still no deal on the fiscal cliff. are the democrats and republicans too far apart at this point to reach a deal before midnight? i hope not. >> is the cliff armageddon for the defense department. what these defense cuts would mean for national security. >>> a health scare for hillary clinton. what doctors say happened and an update on her condition. >> i'm ali velshi. >> and i'm christine romans. >>...
142
142
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 142
favorite 0
quote 0
cliff. >> all right. amman, aside from the impact on businesses, right, there's also this impact particularly on lower income americans. >> right. >> you have the payroll tax, which is scheduled also -- the payroll tax cut is scheduled to expire, which would increase taxes on people who are paying that from 4.2ers perz to 6.2%. . what impact would that have on individual spending? isn't that one of the more stimulating stacks cuts that was passed in 2009? >> that was designed as a short-term stimulus. people see that immediately in their paycheck, and the idea was nelled immediately go out and spend it. s people have been spending it. once that goes up, you will see less money in your paycheck as a result of the payroll tax cut not being extended this time around. both democrats and republicans agree not to extend it. neither party kind of likes that tax cut, but for different reasons. so for a lot of political reasons, that's not in this debate right now. that thing has been left aside, and we're talking
cliff. >> all right. amman, aside from the impact on businesses, right, there's also this impact particularly on lower income americans. >> right. >> you have the payroll tax, which is scheduled also -- the payroll tax cut is scheduled to expire, which would increase taxes on people who are paying that from 4.2ers perz to 6.2%. . what impact would that have on individual spending? isn't that one of the more stimulating stacks cuts that was passed in 2009? >> that was...
88
88
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 88
favorite 0
quote 0
the house of representatives is reconvening to consider the fiscal cliff deal. overwhelmingly approved by the senate in the wee hours of this new year. republicans meet at 1:00. the democrats are said to be going in now and that vice president joe biden who, of course, was key in making the senate deal happen, will be in that caucus, we're told. big questions, though, still outstanding. when might the house vote on this deal? can speaker boehner come up with the votes to pass it? or will republicans try to amend it and end send it back. good day. happy new year. i'm chris jansing. there are a lot of moving parts on capitol hill. let's get right to nbc's luke russert who is on the hill and where things stand. first, let's listen into the start of this session. >> the speakers are in washington d.c., january 1, 2013. i hereby hereby appoint the honorable robert j. dole to act as speaker in temporary on this day, signed john a. boehner, speaker of the house of representatives. >> the prayer will be offered by our chaplain father conroy. >> let us pray. eternal god,
the house of representatives is reconvening to consider the fiscal cliff deal. overwhelmingly approved by the senate in the wee hours of this new year. republicans meet at 1:00. the democrats are said to be going in now and that vice president joe biden who, of course, was key in making the senate deal happen, will be in that caucus, we're told. big questions, though, still outstanding. when might the house vote on this deal? can speaker boehner come up with the votes to pass it? or will...
147
147
Dec 28, 2012
12/12
by
CNNW
tv
eye 147
favorite 0
quote 0
so what is that going to do to the fiscal cliff negotiations? >> right, there are a couple deadli deadlines actually coming up. january 2nd is the last day of the current congress. any bill that's been submitted, especially the bills that have been passed, the deal with the fiscal cliff, those bills would be worthless. they would go into paper and everything would have to start from scratch. the new congress would have to start a bill and start the process from the beginning. now there are some tricks that congress has to try to speed things up when it wants to. so to some degree, it's not that big of a deal. if there was a deal in the offing, january 3rd, enough votes for it, they could get around the hurdles. but i'm glad you brought up the deadlines because another one is tomorrow. unemployment benefits run out tomorrow for 1 million people. not true. the unemployment portion of the fiscal cliff actually hits us tomorrow. and that's when 1 million people are estimated to see unemployment benefits run out. and tomorrow is also the day that the
so what is that going to do to the fiscal cliff negotiations? >> right, there are a couple deadli deadlines actually coming up. january 2nd is the last day of the current congress. any bill that's been submitted, especially the bills that have been passed, the deal with the fiscal cliff, those bills would be worthless. they would go into paper and everything would have to start from scratch. the new congress would have to start a bill and start the process from the beginning. now there...
320
320
Dec 31, 2012
12/12
by
CNNW
tv
eye 320
favorite 0
quote 0
so we are going over the fiscal cliff, isn't that right? >> reporter: technically, that's absolutely right, you're right. because to not go over the cliff, both houses of congress will have to pass something to avert that, and the president will have to sign it. so that is true. and that is why, as i said, politically, there aren't a lot of -- there are some people who aren't that upset about it, because it kind of makes the medicine go down a little bit easier when they vote on these cuts. having said that, we've heard from democrats in particular, for weeks now, that, you know, to sort of take a deep breath, that yes, it is called the fiscal cliff, but it is more of a slope, and particularly advantageous to members of congress who haven't got be their work done that january 1st is a federal holiday. so nothing is going to happen and there aren't going to be any real-world effects, especially when we're talking about the thing that really matters the most to a lot of people around here, just how the market is reacting. we saw the market go
so we are going over the fiscal cliff, isn't that right? >> reporter: technically, that's absolutely right, you're right. because to not go over the cliff, both houses of congress will have to pass something to avert that, and the president will have to sign it. so that is true. and that is why, as i said, politically, there aren't a lot of -- there are some people who aren't that upset about it, because it kind of makes the medicine go down a little bit easier when they vote on these...
23
23
tv
eye 23
favorite 0
quote 0
cliff drama like it is right now it's so appropriate it's so appropriate and a little bit for me at least a little deja vu i mean as we mentioned this always gets left to the last minute the moment anyone who is surprised by this obviously doesn't see what happens in washington because it's always left to the last moment talk for a second sam you have not only been covering a congress you've worked on the hell before as a former staffer. this is more of the same it's more of the same for the last few years but it's different you know when things like the debt limit and things like budget bills and appropriations bills these used to be passed fairly easily bipartisan get it through i mean there was fight story in the ninety's with clinton and that's when all this sort of stuff started and now any time is routine bills like debt limit spending appropriations bills republicans are staking out a position on these to demand austerity to demand more spending cuts. and that is really slowing down congress and really slowing down what kind of other legislation like big important legislation
cliff drama like it is right now it's so appropriate it's so appropriate and a little bit for me at least a little deja vu i mean as we mentioned this always gets left to the last minute the moment anyone who is surprised by this obviously doesn't see what happens in washington because it's always left to the last moment talk for a second sam you have not only been covering a congress you've worked on the hell before as a former staffer. this is more of the same it's more of the same for the...
279
279
Dec 28, 2012
12/12
by
CNBC
tv
eye 279
favorite 0
quote 1
i think both sides are looking at if fiscal cliff right now and saying, well, we could go over this thing. it wouldn't be the end of the world and that's a very different view in washington than it is on wall street. i can tell you that. >> eamon, thanks. i know you've got a long day ahead, a long afternoon as well. eamon javers in washington. >> isn't it unbelievable. you have this huge, looming problem, i'll wait until later this afternoon to deal with it. >> and the whole sequester was a way to deal with this later. and corker, i think, on some of the morning shows this morning, senator corker said the worst case today would be to set up another later deadline that would keep the hard questions -- >> and i think a lot of this is so abstract, but if those milk prices go up for people around this country, that's going to be the thing that gets people really animated. >> that and payroll taxes, if they go up, that will hit a lot of americans across the board. >> interesting to see a lot of the stocks today that have exposure to dairy futures, whether it's an hsy, who knows? i haven't even
i think both sides are looking at if fiscal cliff right now and saying, well, we could go over this thing. it wouldn't be the end of the world and that's a very different view in washington than it is on wall street. i can tell you that. >> eamon, thanks. i know you've got a long day ahead, a long afternoon as well. eamon javers in washington. >> isn't it unbelievable. you have this huge, looming problem, i'll wait until later this afternoon to deal with it. >> and the whole...
56
56
Dec 29, 2012
12/12
by
CSPAN
tv
eye 56
favorite 0
quote 0
right now, the country's attention and that of the media is on the fiscal cliff, and i understand that. economy of the nation and the world may be at stake here. i think that sooner or later, there will be some kind of an agreement. will we are talking about here is a fundamental change in the ruling, the possibility of a fundamental change in the way the senate does business peeping basically changing the rules of the senate from either 60 votes, sometimes 67, to 51 votes, which would make as no different than the house of representatives, and of course would reduce us in many respects not to irrelevance in the minority party. here is the problem. on one side, the majority leader and the democrats are frustrated by their inability to move forward with legislation. every time there is an opposition to a motion to proceed, which takes days and then they proceed, and that has made the united states congress -- one of the reasons why the united states congress is judged the least productive congress since the year 1947. so, understandably the majority is frustrated with their inability to
right now, the country's attention and that of the media is on the fiscal cliff, and i understand that. economy of the nation and the world may be at stake here. i think that sooner or later, there will be some kind of an agreement. will we are talking about here is a fundamental change in the ruling, the possibility of a fundamental change in the way the senate does business peeping basically changing the rules of the senate from either 60 votes, sometimes 67, to 51 votes, which would make as...
62
62
Dec 28, 2012
12/12
by
CSPAN2
tv
eye 62
favorite 0
quote 0
both parties head to the white house today to discuss the fiscal cliff with the president. it's at 3:00 p.m. eastern in the oval office. senate in recess until 2:00 p.m. eastern when the senate reconveneses, live coverage here on c-span2. >>> and right now on c-span2 a conversation with nebraska senator ben nelson who is retiring after two terms. >>> retiring senator nebraska ben tell me sop. years that began with the 2003 recount and reended with re-election of president obama. if you could think of the adjective to describe these years what would it be? >> clearly interesting. challenging. sometimes totally frustrating. but also full of opportunities for the country. there was some good times during the twelve years laced together with some that weren't so good. 9/11, the anthrax scare. there were positive things as well, the election of president obama, i thought it was a positive statement for the country and moving forward in a way that we have tried to move forward out of face -- fiscal as by now we came out of a fiscal as by during the times. it's a hodgepodge during
both parties head to the white house today to discuss the fiscal cliff with the president. it's at 3:00 p.m. eastern in the oval office. senate in recess until 2:00 p.m. eastern when the senate reconveneses, live coverage here on c-span2. >>> and right now on c-span2 a conversation with nebraska senator ben nelson who is retiring after two terms. >>> retiring senator nebraska ben tell me sop. years that began with the 2003 recount and reended with re-election of president...
235
235
Dec 30, 2012
12/12
by
FOXNEWSW
tv
eye 235
favorite 0
quote 0
now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said if republicans stop they will be to blame for the fiscal cliff. what role do you have in this don't you have to show leadership to break the imabout passe? the president went back to pointing the finger at republicans. take a list. >> speaker boehner and republican leader mcconnell to accept the fact taxes on wealthiest americans should go up a little bit. if folks can't say yes to good offers i have an obligation of the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >
now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said...
219
219
Dec 30, 2012
12/12
by
FOXNEWSW
tv
eye 219
favorite 0
quote 0
there are some strategist who is have said that the fiscal cliff won't hit the economy right away. tell actually give lawmakers more time to continue negotiating. but how long can our economy take the uncertainty? >> it is not just uncertainty. we have had that factored in. the reality is that unless the president suspends the increase in payroll taxes that are going to take place, not just social security, but withholding for income tax, while they continue to negotiate, we have gone off the cliff. in the month of january, people will live off their credit cards, but they can only do that so long. come february and march, the higher taxes will require adjustments in the spending habits of folk who is make between $25,000 and $100,000 a year. i would point out that this is no reason to give the president everything he wants and pass that bill that he proposes because if the republicans do that, they lose all their leverage. i have news for most people. if we dont curb our spending, everybody's going to have to pay the higher taxes in the end because things are flying out of ceil. >
there are some strategist who is have said that the fiscal cliff won't hit the economy right away. tell actually give lawmakers more time to continue negotiating. but how long can our economy take the uncertainty? >> it is not just uncertainty. we have had that factored in. the reality is that unless the president suspends the increase in payroll taxes that are going to take place, not just social security, but withholding for income tax, while they continue to negotiate, we have gone off...
493
493
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 493
favorite 0
quote 0
, is that the right way to start the negotiation with two days left before the fiscal cliff or shouldn't he sit down and hammer out a deal with the senate republicans and house republicans. do you think a deal gets done? >> i do think a deal will get done. i think it might january 1st. i think we will briefly go over the fiscal cliff. the president worked on the issue months and months. the entire "crisis" is an issue of congress' own making . he was taping the meet the press on saturday. house republicans were cozy and doing nothing on the fiscal cliff. john bone bone took himself out of the negotiations and abdicated responsibility and said he would dole with whatever the senate and president had come to. i happening there is a lot of good proprosals on the table and something will get done, too. >> dave: it appears that senate republicans came a long way in sharing their desire for no taxes raised on the wealthy. $550,000 thres hold for couples is a significant compromise. but can they get anything through the house in terms of getting republican votes today? >> i don't think that wil
, is that the right way to start the negotiation with two days left before the fiscal cliff or shouldn't he sit down and hammer out a deal with the senate republicans and house republicans. do you think a deal gets done? >> i do think a deal will get done. i think it might january 1st. i think we will briefly go over the fiscal cliff. the president worked on the issue months and months. the entire "crisis" is an issue of congress' own making . he was taping the meet the press on...
223
223
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 223
favorite 0
quote 0
and right now, the fiscal cliff hanging over the nation, you've heard gerri talk about it, we'll see the deadline, will it happen less than 29 hours away. we'll talk with a lawmaker who thinks the president wants -- wants to go over the fiscal cliff. why? i'll ask him. [ male announcer ] this is sheldo whose long day setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. just two aleve can keep pain away all day. you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needingo go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis
and right now, the fiscal cliff hanging over the nation, you've heard gerri talk about it, we'll see the deadline, will it happen less than 29 hours away. we'll talk with a lawmaker who thinks the president wants -- wants to go over the fiscal cliff. why? i'll ask him. [ male announcer ] this is sheldo whose long day setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away...
90
90
Dec 26, 2012
12/12
by
CSPAN
tv
eye 90
favorite 0
quote 0
right now with the fiscal cliff, i am currently unemployed and i am concerned about the fiscal cliff. i am on a federal extension. i do not know if i'm going to get a paycheck to be able to pay my mortgage in january. two million people are set to lose their federal extensions in january and unemployment rate has come down due to attrition. people are not being counted. once you stop drawing benefits, you are counted as being unemployed. if you force two million people at once into the job market with the fraudulent unemployment numbers, how are these people going to get back to work? i was laid off in 2009 and i've had three different jobs. the type of employment being offered is often part-time work and it is a series of stringing together reemployment. you never really get back to work. it takes longer than six months to get back to work. you're going to be laid off again within six to eight months. maybe they did not extend it again after 2013 or after 2012. you get back to work after being employed temporarily. they continually whittled down the beaks. it is pretty tough. had thr
right now with the fiscal cliff, i am currently unemployed and i am concerned about the fiscal cliff. i am on a federal extension. i do not know if i'm going to get a paycheck to be able to pay my mortgage in january. two million people are set to lose their federal extensions in january and unemployment rate has come down due to attrition. people are not being counted. once you stop drawing benefits, you are counted as being unemployed. if you force two million people at once into the job...
142
142
Dec 28, 2012
12/12
by
FBC
tv
eye 142
favorite 0
quote 0
>> i believe we can do this, avert the fiscal cliff that is right in front of us today. >> this is not something we are going to wait until the last day of december to get it done. adam. adam: proof words are cheap. it's the end of diecious, and absolutely nothing was done. why does it come down to the wire? republican senator of north dakota joining us now from capitol hill. sir, we appreciate you being with us, you were on fox business the other day, and are we going to have a deal or as some people are saying, do both sides want us over the cliff because it's easier to restore spending cuts? >> i'm in the camp to just keep pushing. that's where i'm coming from. as you said, the president and the leadership and the congress will have a meeting today at three o'clock, and so by four, they'll come out, and we'll have a better idea as to whether or not they'll come up with something, but regardless, for myself, and, i think, a lot of the senators and members of congress, we're just going to keep pushing because we got to come together and get people to agree on some kind of package. >>
>> i believe we can do this, avert the fiscal cliff that is right in front of us today. >> this is not something we are going to wait until the last day of december to get it done. adam. adam: proof words are cheap. it's the end of diecious, and absolutely nothing was done. why does it come down to the wire? republican senator of north dakota joining us now from capitol hill. sir, we appreciate you being with us, you were on fox business the other day, and are we going to have a...
163
163
Dec 27, 2012
12/12
by
MSNBCW
tv
eye 163
favorite 0
quote 0
could be all the way to tuesday. >> right. we are going to be talking about fiscal cliff. where are we? where are we going? what things can we believe that are coming out from capitol hill? what qunt we believe? >> today, we have the fake plan apparently senate republicans had and white house denying. this is -- ugh. interesting. >> what about the white house supposedly sending its own boiled down fiscal cliff bill to the hill? what's going on with that? you've got harry reid's incendiary comments on the floor today. >> it feels like we're at the beginning of the beginning of the end. >> right. i'll be back tomorrow to talk about it. >> jonathan capehart, thanks so much. that does it for this edition of "andrea mitchell reports." craig melvin has a look at what's next. the pride of south carolina. craig, how are you doing, snir. >> good to see you as always. five days to go until the fiscal cliff deadline. john boehner holding a press conference. what might they be talking about? president obama returned to washington today after speaking with all four congressional leader
could be all the way to tuesday. >> right. we are going to be talking about fiscal cliff. where are we? where are we going? what things can we believe that are coming out from capitol hill? what qunt we believe? >> today, we have the fake plan apparently senate republicans had and white house denying. this is -- ugh. interesting. >> what about the white house supposedly sending its own boiled down fiscal cliff bill to the hill? what's going on with that? you've got harry...
74
74
Dec 28, 2012
12/12
by
FBC
tv
eye 74
favorite 0
quote 0
stuart: in the absence of the likelihood of a fiscal cliff deal the dow is down 88 points sitting right at 13,000. we're tired of talking about the negotiations and the political in-fighting on the fiscal cliff issue. we want to know what happens to our money if we go flat-out over it. which seems likely. joining us is a certified financial planner and he's got the numbers for us. go through this one at a time. go flat out, a cliff dive, what happens to the income taxes i pay? >> number one on income taxes, six brackets,10%, 35%. now five brackets, 15% to 39.%. everybody to currently pays federal income tax will come january pay more. >> pay more tax absolutely. stuart: next one, estate taxes. >> probably one of most unfair taxes there are, but estate taxes are going up. currently 35%, going up as high as 55%, but that's not the only problem. you have exemption amounts that in 2012 were 5 million dollars a person. portability meant that you could have portable, if your spouse died 10 million exemption, going to 1 million dollar exemption, no portability. stuart: hold on now, that's drac
stuart: in the absence of the likelihood of a fiscal cliff deal the dow is down 88 points sitting right at 13,000. we're tired of talking about the negotiations and the political in-fighting on the fiscal cliff issue. we want to know what happens to our money if we go flat-out over it. which seems likely. joining us is a certified financial planner and he's got the numbers for us. go through this one at a time. go flat out, a cliff dive, what happens to the income taxes i pay? >> number...
477
477
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 477
favorite 0
quote 0
with hours left in 2012 lawmakers do not appear close to reaching a deal to avoid the fiscal cliff we may be going ov going over. >> secretary of state hillary clinton in the hospital right now doctors discovered a blood clot. you can forget about days we are down to hours for law americas to reach a deal. >> doug luzader live from washington with the latest. doug? >> a deadline is hours away come midnight. it's not just the tax hikes that are scheduled to hit it's big cuts in government spending as well. 2013 could be off to a difficult start if there is no resolution. listen to this bleak assessment from capitol hill. >> the future of the country rests in the hands of 70 and 80-year-olds who have jet lag it's probably not the best thing. >> could joe biden be the fix? he appears to be taking over for democrats after a counteroffer to prevent a big tax hike is met by silence. harry reid says democrats couldn't respond. >> there is still significant difference between the two sides but negotiations continue. there's still time left to reach an agreement and we intend to continue negot
with hours left in 2012 lawmakers do not appear close to reaching a deal to avoid the fiscal cliff we may be going ov going over. >> secretary of state hillary clinton in the hospital right now doctors discovered a blood clot. you can forget about days we are down to hours for law americas to reach a deal. >> doug luzader live from washington with the latest. doug? >> a deadline is hours away come midnight. it's not just the tax hikes that are scheduled to hit it's big cuts in...
35
35
Dec 25, 2012
12/12
by
CNNW
tv
eye 35
favorite 0
quote 0
to the fiscal cliff, and of course, they blamed each other. best supporters of gay rights, state victories and supreme court consideration for same-sex marriage, the election of the first openly lesbian u.s. senator, and president obama finally coming around to their cause. >> my expectation is that when you look back on these years, you will see a time in which we put a stop to discrimination against gays and lesbians, whether in the office or in the battlefield. >> equality, you know, people should be able to do whatever they really want in life. >> worst disappointment for supporters of comprehensive immigration reform. the president promised but won't be able to deliver until his second term, although he issued an executive order allowing children of undocumented workers to stay in the u.s. for college. best supreme court win for the white house, health care reform remains the law of the land. >> i'm sure we'll still be talking about it in 2013, but the big overhaul that was promised by republicans, that's not going to happen. >> the court
to the fiscal cliff, and of course, they blamed each other. best supporters of gay rights, state victories and supreme court consideration for same-sex marriage, the election of the first openly lesbian u.s. senator, and president obama finally coming around to their cause. >> my expectation is that when you look back on these years, you will see a time in which we put a stop to discrimination against gays and lesbians, whether in the office or in the battlefield. >> equality, you...
169
169
Dec 30, 2012
12/12
by
MSNBCW
tv
eye 169
favorite 0
quote 0
we will have the late on the fiscal cliff negotiations coming up in just a few minutes, but right now it's time to take a visit to the political playground. president obama may reside at the white house, but he hasn't forgotten about his home state of illinois. he is backing a bill set to be introduced in january that would legalize gay marriage in illinois. if passed that state would be the first midwestern state to approve marriage equality via a legislative vote. for now it looks like the nra and wayne lapierre have not been invited by vice president biden to talk about ways to reduce gun violence. according to the nra's president david keene there's been no contact from the white house to include them in this process. piers morgan has penned an op-ed for those who want to see him deported for his views on gun control saying although i love the country as a second home and one that has treated me incredibly well, i would as a concerned parent first seriously consider deporting myself. and actor charlie sheen is at it again, but this time he has company. on saturday sheen sent out t
we will have the late on the fiscal cliff negotiations coming up in just a few minutes, but right now it's time to take a visit to the political playground. president obama may reside at the white house, but he hasn't forgotten about his home state of illinois. he is backing a bill set to be introduced in january that would legalize gay marriage in illinois. if passed that state would be the first midwestern state to approve marriage equality via a legislative vote. for now it looks like the...
1,457
1.5K
Jan 1, 2013
01/13
by
FOXNEWSW
tv
eye 1,457
favorite 0
quote 0
rick: just hours before the deal to avote the fiscal cliff, another financial crisis emerged right? treasury secretary tim geithner telling congress that the u.s. just reached its $16.4 trillion borrowing limit. he says the government is now employing, quote, extraordinary measures in order to avoid default, no word how lawmakers will resolve huge differences raising debt limit, the debt ceiling but it could be just a matter of weeks before the government defaults. heather: the supreme court's chief justice weighing in on the country's physical problems. saying the judicial branch gets a minuscule fraction of the nation's trillion dollar budget. it has already done its part when it comes to cost cutting. he is calling on the white house and congress to give enough funding to insure the federal judiciary can do its job. saying this. a significant and prolonged short fall in judicial funding would inevitably result in the delay or denial of justice for the people the courts serve. i therefore encourage the president and congress to be especially attentive to the needs of the judicial
rick: just hours before the deal to avote the fiscal cliff, another financial crisis emerged right? treasury secretary tim geithner telling congress that the u.s. just reached its $16.4 trillion borrowing limit. he says the government is now employing, quote, extraordinary measures in order to avoid default, no word how lawmakers will resolve huge differences raising debt limit, the debt ceiling but it could be just a matter of weeks before the government defaults. heather: the supreme court's...
191
191
Dec 29, 2012
12/12
by
MSNBCW
tv
eye 191
favorite 0
quote 0
they had really nothing to say in the so-called fiscal cliff crisis. all right, the biggest winners and losers, stay with us welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. comfort individualized. save 50% on the final closeout of our silver limited edition bed plus special financing through new years day. [ sniffs ] i took dayquil but my nose i
they had really nothing to say in the so-called fiscal cliff crisis. all right, the biggest winners and losers, stay with us welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus...
186
186
Dec 29, 2012
12/12
by
MSNBCW
tv
eye 186
favorite 0
quote 1
they had really nothing to say in the so-called fiscal cliff crisis. all right. we'll be back for picks of person of the year, biggest winners, biggest losers. stay with us. >>> welcome back to "the last word," holiday party. it is now time for the person of the year award. who is the person of the year? >> i was thinking it is a night for celebration, but it is also a night to honor people. and for me, when you look at 2012, it would be congresswoman gabrielle giffords, she resigned this year after a heroic battle dealing with the gunshot wounds that she experienced. we obviously keep her in our thoughts and our prayers. but she was also a leader, and believed in public policy. and we're going to have to look as we go forward into the next year over how we deal with this enduring problem of gun violence in our country. >> joy reed, your person of the year? >> i picked for the person of the year, the american voter. >> it does sound corny. >> it is corny, you know, the reason i said it -- >> you said a group, you didn't say the country. >> it is a group. >> it is
they had really nothing to say in the so-called fiscal cliff crisis. all right. we'll be back for picks of person of the year, biggest winners, biggest losers. stay with us. >>> welcome back to "the last word," holiday party. it is now time for the person of the year award. who is the person of the year? >> i was thinking it is a night for celebration, but it is also a night to honor people. and for me, when you look at 2012, it would be congresswoman gabrielle...
193
193
Dec 29, 2012
12/12
by
MSNBCW
tv
eye 193
favorite 0
quote 0
they had really nothing to say in the so-called fiscal cliff crisis. all right, the biggest winners and losers, stay with us . [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people w
they had really nothing to say in the so-called fiscal cliff crisis. all right, the biggest winners and losers, stay with us . [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online....
207
207
Dec 28, 2012
12/12
by
CNNW
tv
eye 207
favorite 0
quote 0
and the meeting that may be the last best chance to keep the country from going over the fiscal cliff. right now, the leaders of the house and senate are sitting down with president obama in a search for an 11th hour deal to prevent severe tax hikes and spending cuts from automatically kicking in with the new year. cnn's chief white house correspondent jessica yellin is getting new details. jess can ka, what are you hearing about that meeting? >> reporter: candy, the president is going to explain or reiterate the position he took on friday, that he would like a plan that extends tax rates for people who make $250,000 and below but raises them for those who make more than that. that it extends unemployment benefits for americans. and if the president, i'm told will say if he does not get an agreement to that plan, he will ask the other leaders what they can agree to, what what they would like instead. if they cannot come up with a proposal that will pass the house and the senate, will ask for a vote on his measure. but that meeting, candy, is still going on. congre congressional leader
and the meeting that may be the last best chance to keep the country from going over the fiscal cliff. right now, the leaders of the house and senate are sitting down with president obama in a search for an 11th hour deal to prevent severe tax hikes and spending cuts from automatically kicking in with the new year. cnn's chief white house correspondent jessica yellin is getting new details. jess can ka, what are you hearing about that meeting? >> reporter: candy, the president is going to...
346
346
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 346
favorite 0
quote 0
right now word of progress on capitol hill in the last minute talks to avoid the fiscal cliff. barbara boxer is talking right there on the senate floor of the house and senate both in rare new year's eve sessions today ahead of the deadline that triggers across the board tax hikes with dramatic cuts in military and domestic spending. joining us now bob cusack the manage evening editor of the hill the. great to have you here today. >> great to be here. >> many americans are frustrated that congress has taken us to the brink once again with little or no progress. what are you hearing at this moment? is there progress at this time? >> well, we are hearing that there has been progress between vice president biden and senate minority leader mitch mcconnell. still we are nearly 12 hours from the cliff. we don't have a bill. there has actually been a stunning lack of urgency on cant toll hill. on the default showdown, the government shut down there was more urgency. here there just isn't that urgency, maybe because the markets haven't been the roller coaster we thought they would be.
right now word of progress on capitol hill in the last minute talks to avoid the fiscal cliff. barbara boxer is talking right there on the senate floor of the house and senate both in rare new year's eve sessions today ahead of the deadline that triggers across the board tax hikes with dramatic cuts in military and domestic spending. joining us now bob cusack the manage evening editor of the hill the. great to have you here today. >> great to be here. >> many americans are...
266
266
Dec 25, 2012
12/12
by
FOXNEWSW
tv
eye 266
favorite 0
quote 0
fiscal cliff. today wall street was clearly worried about that possibility. we will have details on that ahead. we will also take a look back at the wildest video clips of 2012. you don't want to miss this. that's coming up at the bottom of the hour on fox report. ♪ [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. regular folks with cell phones captured some of the most funny moments of o2012. jonathan hunt has a look at this year's most unforgettable caught-on-camera moments. >> surveillance cameras are all around us. worldwide recording an estimated 4 billion hours of footage every week. and with a growing number of americans armed with smart phones we are seeing caught on camera moments like never before. 30 million surveillance cameras deployed in the united states catching your every move. >> that was probably one of the funniest t
fiscal cliff. today wall street was clearly worried about that possibility. we will have details on that ahead. we will also take a look back at the wildest video clips of 2012. you don't want to miss this. that's coming up at the bottom of the hour on fox report. ♪ [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. regular folks with...
139
139
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 139
favorite 0
quote 0
. >>> the senate is scheduled to get back to work and avoid the fiscal cliff 45 minutes from now. president obama will be watching with the rest of country for a deal to be hammered out. he thinks republican leaders need to bend. >> congress has not been able to get this stuff done not because democrats in congress don't want to go ahead and cooperate but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit and as part of an overall deficit reduction package. >> i'm joined by congresswoman barbara lee a democrat from california. good to see you. good morning. >> good to see you. glad to be with you. >> let me give you the republican perspective. it is that some indications they are willing to give on taxes whether 400 or 450,000, that yesterday they floated this idea of changing social security. they've backed off on that. they apparently are willing to give on some of these estate taxes. the democrats are willing to give on some of the estate taxes. but what the
. >>> the senate is scheduled to get back to work and avoid the fiscal cliff 45 minutes from now. president obama will be watching with the rest of country for a deal to be hammered out. he thinks republican leaders need to bend. >> congress has not been able to get this stuff done not because democrats in congress don't want to go ahead and cooperate but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the...
203
203
Dec 31, 2012
12/12
by
CNBC
tv
eye 203
favorite 0
quote 0
will our elected leaders take us right off the fiscal cliff? >>> joe kernen and john hoarwood are live in our nation's capital. senator ron johnson and bob corker are going to bring us the latest on the debt talks. and then squawk market master mohamed el-erian is going to break down the market implications of a government failure. the third hour of "squawk" starts right now. ♪ ♪ when you've got a problem you've got to rise above it ♪ ♪ when you see the challenge you've got to rise above it ♪ >> welcome back to "squawk box" here on cnbc, first in business worldwide. good morning, again, everybody. i'm becky quick along with andrew ross sorkin. joe kernen and john hoarwood are with us live from washington this morning. they're there trying to fix the fiscal cliff all on their own. our guest hosts this morning are jared bernstein, former economic adviser to vice president biden and tony fratto, former deputy press secretary to george w. bush. this hour we're going to be joined by senator ron johnson, pimco's mohamed el-erian and senator
will our elected leaders take us right off the fiscal cliff? >>> joe kernen and john hoarwood are live in our nation's capital. senator ron johnson and bob corker are going to bring us the latest on the debt talks. and then squawk market master mohamed el-erian is going to break down the market implications of a government failure. the third hour of "squawk" starts right now. ♪ ♪ when you've got a problem you've got to rise above it ♪ ♪ when you see the challenge...
50
50
Dec 30, 2012
12/12
by
CNNW
tv
eye 50
favorite 0
quote 0
to the edge of the fiscal cliff. and of course, they blamed each other. best surprise for supporters of gay rights. victories and supreme court consideration for same sex marriage, the first openly gay senator and barack obama finally coming around to their coach. . >> my expectation when you blook look back on these years, you will see a time when we put a stop to discrimination of gays and lesbians, whether in the office or on the battlefield. >> people should be able to do what they want in life. >> comprehensive imsgramigratio reform, the president promised but will not be able to accomplish until his second term. although he signed a bill allowing children of undocumented work es to stay in the country for college. health care reform remains the law of the land. >> i'm sure we'll still be talk act it in 2013, but the big overhaul that was promised by republicans, that's not going to happen. >> worst caveat for the administration, the court said no getting around it, it does involve taxing the middle class. worst
to the edge of the fiscal cliff. and of course, they blamed each other. best surprise for supporters of gay rights. victories and supreme court consideration for same sex marriage, the first openly gay senator and barack obama finally coming around to their coach. . >> my expectation when you blook look back on these years, you will see a time when we put a stop to discrimination of gays and lesbians, whether in the office or on the battlefield. >> people should be able to do what...
68
68
Dec 31, 2012
12/12
by
WJLA
tv
eye 68
favorite 0
quote 0
cliff. they are not the only military related work at stake. northern virginia bureau chief jeff goldberg is live at the pentagon tonight. >> last week, defense secretary leon panetta said day-to-day operations would likely not change dramatically if we go over the fiscal cliff. any potential layoffs would probably not happen immediately. workers are watching this very closely. watching children skate round and round is how many americans would describe what they're watching right now on capitol hill. >> it is absolutely unconscionable. >> in the pentagon, it is alarming. it would lead to sequestration across the board government cuts. the planning has already begun for temporary layoffs. civilian furloughs could impact up to 800,000 workers. >> it feels like a punch in numbers gut. >> she works with the faa. >> a lot of uneasiness, nobody knows what things will happen. everyone is nervous. >> it is really having an impact on everyone. >> she is a server in pentagon city. 70 or 80% of custom
cliff. they are not the only military related work at stake. northern virginia bureau chief jeff goldberg is live at the pentagon tonight. >> last week, defense secretary leon panetta said day-to-day operations would likely not change dramatically if we go over the fiscal cliff. any potential layoffs would probably not happen immediately. workers are watching this very closely. watching children skate round and round is how many americans would describe what they're watching right now on...
157
157
Dec 28, 2012
12/12
by
CNNW
tv
eye 157
favorite 0
quote 0
fiscal cliff meeting at the white house right now, four top members of congress meeting with the president in the oval office. can they avert us going over that fiscal cliff? [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new v
fiscal cliff meeting at the white house right now, four top members of congress meeting with the president in the oval office. can they avert us going over that fiscal cliff? [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use...
379
379
Jan 1, 2013
01/13
by
FOXNEWSW
tv
eye 379
favorite 0
quote 0
covering all things fiscal cliff. by the way, under two hours to 2013 and bill and megyn having fun out there on times square. you can see them here tonight i promise. we won't do all fiscal cliff. maybe a little. keep it here. ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. >> bret: this is a fox news alert. i'm bret baier in washington covering the fiscal cliff issue as the senate democrats are meeting with vice president biden at this hour tryin
covering all things fiscal cliff. by the way, under two hours to 2013 and bill and megyn having fun out there on times square. you can see them here tonight i promise. we won't do all fiscal cliff. maybe a little. keep it here. ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ for their annual...
121
121
Dec 31, 2012
12/12
by
KICU
tv
eye 121
favorite 0
quote 0
. > > how do you plan to utilize this so-called "fiscal cliff" and possibly make money with your fund? > > the goal of the fund is to allow people to get most of the return of the s&p while taking half the risk, and right now we have a quarter of the correlation with the market. so, this is an ideal time to invest in the fund. when congress comes back into its lame-duck session, we will be flat when they are in session. but there's a lot of risk in this lame-duck session. the fiscal cliff is not resolved, i don't think it's going to be resolved during the lame-duck session. asia seems to have economic slowing problems, and maybe a little saber rattling - the same for the mideast. it's really kind of a dangerous time in the market, and this is a fund that is unusually low- volatility, low beta fund, so it's a place where you can get some relative safety. > > eric singer. thanks for joining us today. > > thank you. we are out of time for today. check back in with us every weekday morning, and you can also find us on facebook and twitter. from all of us at first business, thank you for w
. > > how do you plan to utilize this so-called "fiscal cliff" and possibly make money with your fund? > > the goal of the fund is to allow people to get most of the return of the s&p while taking half the risk, and right now we have a quarter of the correlation with the market. so, this is an ideal time to invest in the fund. when congress comes back into its lame-duck session, we will be flat when they are in session. but there's a lot of risk in this lame-duck...
223
223
Dec 27, 2012
12/12
by
KQED
tv
eye 223
favorite 0
quote 0
-- that we're probably not going to go off the fiscal cliff or if we do go off the fiscal cliff it will be a small package of some tax increases, some spending cuts, but it's not going to put the economy into a recession. so what i've been telling clients is let's just hold the line right here. let's not sell precipitously. let's wait until we see the outcome. but right now i think there's a real good chance that the outcome could be positive or will muddle our way through this significant problem. >> ifill: let me ask you a question which politicians kept bringing up during this last election which is the that the uncertainty is what makes people nervous in the business world. is this the kind of uncertainty they were talking about? >> it absolutely is. you mentioned before the retail sales numbers for this christmas season and the retail sales numbers for this christmas season were very poor, very soft. this is both individuals and individuals affecting companies making decisions and it's really largely driven by their significant uncertainty about what's going to be their tax rate in
-- that we're probably not going to go off the fiscal cliff or if we do go off the fiscal cliff it will be a small package of some tax increases, some spending cuts, but it's not going to put the economy into a recession. so what i've been telling clients is let's just hold the line right here. let's not sell precipitously. let's wait until we see the outcome. but right now i think there's a real good chance that the outcome could be positive or will muddle our way through this significant...
222
222
Dec 26, 2012
12/12
by
CNNW
tv
eye 222
favorite 0
quote 0
then the worries about the fiscal cliff they took over everybody's pocketbooks. people are really worried their taxes going up. so what do you get? you get holiday sales not doing too hot. holiday sales are up a little less than 1%, winds up being the weakest growth in three years. it is still early. these numbers are still rolling in. but, you know what, they're not a good sign. after christmas spending, it could help a little bit, but because of limited -- but because of limited -- there could be limited returns in the christmas shopping because a lot of people get gift cards and they do their returns. what retailers were hoping for is when people get into the stores do the returns and to shop for gift cards, maybe people will spend a little more on their gift card and maybe exchange instead of just returns. >> we got the sad trombone for the holiday shopping results. combine that with the fiscal cliff fears, we're six days away, how is wall street reacting? >> reporter: wall street is pretty quiet today. there is low volume again, which means not a lot of inve
then the worries about the fiscal cliff they took over everybody's pocketbooks. people are really worried their taxes going up. so what do you get? you get holiday sales not doing too hot. holiday sales are up a little less than 1%, winds up being the weakest growth in three years. it is still early. these numbers are still rolling in. but, you know what, they're not a good sign. after christmas spending, it could help a little bit, but because of limited -- but because of limited -- there...
121
121
Dec 27, 2012
12/12
by
MSNBCW
tv
eye 121
favorite 0
quote 0
if reducing the deficit was what the economy needed we could go right off the cliff and leave it there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the fiscal cliff shows by the way, in the fox hole, everyone's a kinsian. everyone agrees. that is number one. too much austerity way too quickly. president obama is not asking for that much in taxes. it's worth getting a bit of perspective in here. you'll be shocked to know, we got a graph for that. here's what happens if we go over the cliff. you get more than $5 trillion in tax increases off the bat. and now here's what happens if we pass the sainted simpson bowles plan. you've heard of the plan. they have 2.6 trillion in tax increases. president obama's latest offer to john boehner has 1.2 trillion in taxes. that is half as much, less than half than simpson bowles, and less than a quarter of what is in -- simply going over the fiscal cliff. i think the tax increases are too little. they are what they are. and it's
if reducing the deficit was what the economy needed we could go right off the cliff and leave it there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the fiscal cliff shows by the way, in the fox hole, everyone's a kinsian. everyone agrees. that is number one. too much austerity way too quickly. president obama is not asking for that much in taxes. it's worth getting a bit...
239
239
Jan 1, 2013
01/13
by
KTVU
tv
eye 239
favorite 0
quote 0
. >> and we near the fiscal cliff in washington, d.c. we will break down the impact it could have here in california. >>> complete bay area news coverage starts right now, this is ktvu
. >> and we near the fiscal cliff in washington, d.c. we will break down the impact it could have here in california. >>> complete bay area news coverage starts right now, this is ktvu